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Europe's leading exchanges have added to gains in the first half of the day, with banks leading the way after Switzerland's UBS beat earnings estimates. Investors also focus on BP. The oil giant confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by f
Read more1045 GMT [Dow Jones] S&P Equity Research cuts BP (BP.LN) price target to 610p from 640p to reflect the latest Gulf of Mexico liabilities. Notes the company has announced record 2Q '10 losses due to non-operating charges from the gulf incident. However, S&P notes clean EBIT (excluding gulf charges) r
Read moreStocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 1045 GMT [Dow Jones] S&P Equity Research cuts BP (BP.LN) price target to 610p from 640p to reflect the latest Gulf of Mexi
Read moreNEW DELHI (Dow Jones)--India's Oil & Natural Gas Corp. Ltd. (500312.BY) and Petro Vietnam will jointly bid for BP Plc's (BP) assets in Vietnam, India's oil secretary said Tuesday. "We met with the prime minister of Vietnam and we had said we will work with Petro Vietnam (to buy BP's stake). We a
Read moreDJIA Futures 10496.5 +38.5 +0.4% S&P 500 Futures 1114.3 +4.8 +0.4% Nasdaq Futures 1895.1 +7.6 +0.4% Above are as of 0600 ET FTSE 100 5385.4 +34.3 +0.6% Xetra DAX 6217.7 +23.5 +0.4% CAC40 3665.9 +29.7 +0.8% Above are as of 0
Read more(Adds analyst, investor comment, details.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--In the wake of a huge loss due to the Gulf of Mexico oil spill, BP PLC (BP) Tuesday launched a radical shakeup, including plans to sell around $30 billion in assets, appoint a new chief
Read moreBy Polya Lesova Stock futures pointed Tuesday to another day of gains on Wall Street, as strong results from European banks including UBS and Deutsche Bank buoyed market sentiment ahead of a string of earnings reports from the U.S. Traders also digested news of a $17.2 billion quarterly los
Read more0918 GMT [Dow Jones] BP's provision of $32.2B for costs related to the Gulf of Mexico oil spill are based on optimistic assumptions and there are risks it might have to make further provisions in following quarters as the various investigations on the causes of the accident progress, warns Credit Su
Read more0909 GMT [Dow Jones] BP (BP) +0.5% at 419p, following the release of 2Q results. Overall the statements are positive, says Collins Stewart, as although it announced major charges for the US spill, BP's free cash generation and balance sheet position remain strong. Says the succession of CEO Tony Hay
Read moreBroker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0909 GMT [Dow Jones] BP (BP) +0.5% at 419p, following the release of 2Q results. Overall the statements are positive, says Co
Read moreStocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0852 GMT [Dow Jones] BP's (BP.LN) 2Q earnings have the Gulf of Mexico Macondo oil spill disaster casting a long shadow ove
Read more0852 GMT [Dow Jones] BP's (BP.LN) 2Q earnings have the Gulf of Mexico Macondo oil spill disaster casting a long shadow over them, says Evolution Securities. Says the company reports underlying net income of $5B, up 70% year-on-year, but the headline figure was hit by a $32.2B pre-tax charge relating
Read more(Adds CEO comment, background.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) said Tuesday that Robert Dudley, the executive director who heads the company's oil spill response effort in the Gulf of Mexico, will lead the entire company from October 1 when embattl
Read moreBanking shares are leading the rise in early dealings Tuesday morning after a number of positive earnings reports. Investors also focus on BP. The oil giant confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by fellow executive director Bob Dudley.
Read more(Rewrites, adds details.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--In the wake of a huge loss due to the Gulf of Mexico oil spill, BP PLC (BP) Tuesday launched a radical shakeup, including plans to sell around $30 billion in assets, appoint a new chief executive and alt
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